US GDP and U

question 80

Multiple Choice

U.S. GDP and U.S. GNP are related as follows:

• A) GNP = GDP − Income earned by foreigners in the U.S. + Income earned by U.S. citizens abroad.
• B) GNP = GDP + Income earned by foreigners in the U.S. − Income earned by U.S. citizens abroad.
• C) GNP = GDP + Value of exported goods − Value of imported goods.
• D) GNP = GDP − Value of exported goods + Value of imported goods.

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Definitions:

Investment

The allocation of resources, such as capital or time, in the expectation of receiving future benefits such as income or growth.

Reciprocal Determinism

A concept in psychology positing that a person's behavior both influences and is influenced by personal factors and the social environment.

Cognitive Factors

Elements related to mental processes such as perception, memory, language, and problem-solving.

External Environment

All outside factors and influences that impact the operation, success, and decision-making processes of an organization or individual.